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The New Urban Communities Authority is looking to borrow EGP 10 bn to finance construction and infrastructure works in the new cities, sources tell Al Mal. The company is in early talks with several local banks including the National Bank of Egypt, QNB, Banque du Caire, and the Housing and Development Bank.
Author Archives: enterpriseam admin
Posted inNational Security
Egypt and Arab states kick off “Arab Shield 1” wargames
Egypt and five other Arab states kicked off yesterday the “Arab Shield 1” joint military drills, according to an Armed Forces statement. Saudi Arabia, the UAE, Jordan, Kuwait and Bahrain will take part in the first of its kind drills, scheduled through to 16 November. The drills come a little over a month after the […]
Posted inON YOUR WAY OUT
Melania Trump spent nearly USD 100k at Semiramis Intercontinental in Cairo
How much does a stay at Semiramis Intercontinental cost these days? Nearly USD 100k, if you’re Melania Trump: US First Lady Melania Trump and her staff forked over USD 95,050 at the Semiramis Intercontinental during her visit to Cairo as part of her four-nation tour of Africa last month, according to federal spending records. The […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 13,170 (-0.2%) Turnover: EGP 529 mn (25% below the 90-day average) EGX 30 year-to-date: -12.3% THE MARKET ON SUNDAY: The EGX30 index […]
Posted inCALENDAR
03-06 November (Saturday-Tuesday): World Youth Forum 2018, Maritim Jolie Ville Golf Course, Sharm El Sheikh, Egypt. 05 November (Monday): Egypt’s Emirates NBD PMI for October released. 05-07 November (Monday-Wednesday): World Travel Market London exhibition, London, England, UK. 06-07 November (Tuesday-Wednesday): 2018 IIF MENA Financial Summit, Al Maryah Island, Abu Dhabi, United Arab Emirates. 13-29 November […]
Posted inWhat We're Tracking Today
What we’re tracking on 4 November 2018
** Our apologies for being a few minutes late this morning, but we had some technical issues with our dispatch engine. They're solved now and we'll be back to our usual time tomorrow. It is an exceptionally busy news morning with an unprecedented six-month suspension handed on Thursday to the investment banking arm of one […]
Posted inWhat We're Tracking Today
More what we’re tracking on 4 November 2018
It’s all enough to make us very happy that Tuesday is Stranger Things Day, according to a video posted on the Netflix show’s Twitter feed. Meanwhile: Your menu of T+0 trading options just got a bit deeper: Last Tuesday’s decision by the Financial Regulatory Authority (FRA) to allow same-day trading on stocks that are on […]
Posted inEnterprise+: Last Night’s Talk Shows
World Youth Forum was the belle of the ball
The World Youth Forum was the belle of the ball on last night’s talk shows, with some shows (including Masaa DMC and Al Hayah Al Youm) taking the night off to make room for wall-to-wall coverage. The forum is meant to send a message of strength from Egypt despite its struggle with terrorism, political analyst […]
Posted inSpeed Round
FRA suspends Beltone’s investment banking arm for six months
FRA suspends Beltone Investment Banking for six months: With barely 30 minutes left in Thursday’s trading session, the Financial Regulatory Authority (FRA) suspended Beltone Financial’s investment banking arm, banning it from carrying out any market activities for a six-month period. Regulator gave no reason for the suspension, which had immediate effect: The order, which gave […]